LOGISTICS ROBOTS MARKET ANALYSIS

Regional Analysis

Global Logistics Robot Market: Regional Insights

Based on regions, global logistics robots market can be categorized into North America, Latin America, Asia Pacific, Europe, and Middle East and Africa.

North America held the highest market share in 2020 owing to rapid construction of warehouse and distribution centres. Also, investment in smart factories and automated warehouse leads to increasing sales of logistics robots. Growth in e-commerce, retail, and healthcare industry would play an important role in the growth of sales across the regions.

Asia Pacific is expected to grow at a higher rate in the coming years owing to the presence of manufacturing operations. China is considered as one of the leading consumers of logistics robots. The country is well ahead as compared to other country in terms of robot density. Organizations such as ABB, KION GROUP AG, FANUC CORPORATION are focussing on mergers & acquisitions to improve the usage of robots in the Chinese market.

E-commerce industry, retail industry, and warehouse construction will lead to a decent growth of logistics robot in Africa, Latin America, and Europe. As per reports of World Trade Organization, the penetration of mobile phone connection using 4G technology would increase from 5% in 2017 to 21% in 2025 which would be a major asset for e-commerce sector. As a result, this will lead into construction of large warehouses which will accelerate further growth of logistics robot in the African region.

On the basis of region, the global logistic robot market is segmented into:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa